India, Nov. 18 -- Gold and silver futures continued their downward trend on Tuesday, marking the third consecutive day of declines, as diminishing expectations of a US Federal Reserve rate cut in December dampened investor sentiment.
On the Multi Commodity Exchange (MCX), December gold futures fell sharply by Rs 1,807 (1.47%) to Rs 1,21,120 per 10 grams. The February 2026 gold contract also slipped, dropping Rs 1,833 (1.47%) to Rs 1,22,841 per 10 grams.
The retreat in precious metals comes amid renewed speculation that the Fed may keep rates higher for longer, prompting investors to reassess their positions.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....